Life Beneficiary Rights definition

Life Beneficiary Rights means the rights of each of the Transferors as beneficiary (begunstigde) under the Life Insurance Policies;
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Life Beneficiary Rights means the rights of the relevant Transferor (and after assignment of such rights to the CBC, the CBC) as beneficiary (begunstigde) under the Life Insurance Policies.
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Examples of Life Beneficiary Rights in a sentence

  • McGregor, Lisa Bartlett, Allan Bernstein, James Fisler, Donald Wagner, Cheryl BrothersAGAINST: None ABSTAIN: None MOTION PASSED: 7-0.

  • DBV will, to the extent legally required and possible, assign and the Issuer will accept assignment of DBV's rights as beneficiary under the Life Insurance Policies with any of the Life Insurance Companies (the "Life Beneficiary Rights").

  • If the Issuer or the Security Trustee, as the case may be, will not have been validly appointed as beneficiary under the Insurance Policies and the assignment and pledge of the Life Beneficiary Rights is not effective, any proceeds under the Insurance Policies will be due to DBV or payable to another beneficiary instead of to the Issuer or the Security Trustee, as the case may be.

Related to Life Beneficiary Rights

  • Income beneficiary means a person to whom net income of a trust is or may be payable.

  • Beneficiary(ies means the individual or individuals designated in the Application by the Subscriber(s) to whom, or on whose behalf, Educational Assistance Payments are agreed to be paid, provided such individual qualifies under the Applicable Legislation and the Plan at the time such payments are made;

  • Beneficiary means each designated person, or the estate of the deceased Executive, entitled to benefits, if any, upon the death of the Executive, determined according to Article 4.

  • Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).

  • primary beneficiary means the individual for whose primary benefit the trust is then held. For purposes of Section 8.3, a Qualified Entity is a member of each Family Group to which such one or more Qualified Trusts that are its equity holders belong.

  • Qualified beneficiary means a beneficiary who, on the date the beneficiary's qualification is determined:

  • Designated Beneficiary means the beneficiary or beneficiaries the Participant designates, in a manner the Administrator determines, to receive amounts due or exercise the Participant’s rights if the Participant dies or becomes incapacitated. Without a Participant’s effective designation, “Designated Beneficiary” will mean the Participant’s estate.

  • Refund beneficiary means an individual nominated by a qualified participant or a former qualified participant under section 66 to receive a distribution of the participant's accumulated balance in the manner prescribed in section 67.

  • Alternate Payee means any spouse, former spouse, child, or other dependent of a Participant who is recognized by a qualified domestic relations order as having a right to receive all, or a portion of, the benefits payable under a Plan with respect to such Participant.

  • Former Spouse means the individual who is considered by Applicable Laws to be the Annuitant’s former spouse or common-law partner;

  • Contingent Beneficiary is the person that becomes the Beneficiary if the named Beneficiary dies prior to the Income Date.

  • Spouse means, an individual who,

  • Qualified Beneficiaries has the meaning set forth in Section 4.12.

  • de facto spouse means a person of the opposite sex to the employee who lives with the employee as the husband or wife of the employee on a bona fide domestic basis, although not legally married to that person.

  • land reform beneficiary , in relation to a property, means a person who -

  • state pension credit means state pension credit under the State Pension Credit Act 2002;

  • Remainder beneficiary means a person entitled to receive principal when an income interest ends.

  • Joint Annuitant means the individual specified as such in the Data Pages. The Joint Annuitant must be the spouse of the Annuitant on the Contract Date.

  • Eligible beneficiary means a resident of this state who:

  • Third Party Beneficiary means each of the non-NHS bodies set out in the list attached at Schedule 1, as supplied from time to time by the Authority to the Contractor;

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • war pension means a war disablement pension, a war widow’s pension or a war widower’s pension;

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Initial Beneficiary means ALF LLC, as initial beneficiary under the Titling Trust Agreement and its permitted successors and assigns.

  • Beneficiaries means any Person to whom the Issuer is or hereafter becomes indebted or liable.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.